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This is a very common setup. It's called a reverse triangle merger.

https://www.investopedia.com/terms/r/rtm.asp



Yes, I see:

> Because the reverse triangular merger retains the seller entity and its business contracts, the reverse triangular merger is used more often than the triangular merger.

I was going to say "I wish that I could do that!" But then realized that bankruptcy comes pretty close.


But why would a judge not go, "No, Twitter, you clearly acquired the company. Just because you broke it into pieces, and then picked up all those pieces does not mean that you didn't acquire the company."




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